TNB scales up green investment to drive Malaysia’s energy future. (Photo: TNB)
Malaysia’s national energy company, Tenaga Nasional Berhad (TNB), is significantly expanding its renewable energy investments, raising its capital expenditure (capex) to RM42.9 billion (about USD 9.8 billion)—double its previous plan.
The additional investment will focus on solar power, energy storage, and corporate and community renewable energy initiatives to reinforce the country’s energy transition infrastructure.
Accelerated decarbonization with focus on 4 key areas
According to TNB’s latest annual report filed with Bursa Malaysia, 40% is contingent capex, amounting to RM16.3 billion (about USD 3.7 billion). Over 60% of this will be allocated toward infrastructure upgrades supporting renewable energy initiatives and the National Energy Transition Roadmap (NETR).
